TLL - TIL Logisitics Group [was BIL - Bethunes Investments]

[winner69]

I think the correction actually makes the story worse ...only sales are holding up and expenses a problem

They need to be careful what they say eh

[youngatheart]

Half year results out on Monday, any predictions?

[Balance]

https://www.nzx.com/announcements/347208

Another year, another downgrade for this backdoor job.

[Ggcc]

https://www.nzx.com/announcements/347208

Another year, another downgrade for this backdoor job.

Just spoke with a friend who is invested in this company. He believes it is hugely undervalued and is looking at investing more........... I don't know what to believe.

[winner69]

https://www.nzx.com/announcements/347208

Another year, another downgrade for this backdoor job.

That’s quite a drop in ebitda compared to last year ...almost half as much


Taking the above into account, TIL is expecting 1H20 EBITDA of approximately $8.4 - $8.8 million (1H19: $14.1 million).

[Balance]

Just spoke with a friend who is invested in this company. He believes it is hugely undervalued and is looking at investing more........... I don't know what to believe.

Famous last words.

Never invest in backdoor jobs.

[winner69]

At the recent ASM they said -

Expecting an improved performance in FY20, driven by organic growth, new customer contracts, additional warehousing capacity, and benefits of FY19 investment in SLTG


No mention of reduced profits

[Rowdy Flat]

Just spoke with a friend who is invested in this company. He believes it is hugely undervalued and is looking at investing more........... I don't know what to believe.

I'd believe the numbers, unless your friend can provide a compelling counterstory has to exactly how it's "hugely undervalued."

[Balance]

I'd believe the numbers, unless your friend can provide a compelling counterstory has to exactly how it's "hugely undervalued."

One of the founding directors could not get out of there fast enough - selling his shareholding down to zero as quickly as he could. What does that tell you?

Old saying comes to mind 'You sleep with a badly kept dog, you get fleas'.

In this case, you sleep with a backdoor produced dog, you may get herpes too instead of just fleas!

[Rowdy Flat]

"In addition, a new position of Company Secretary & General Counsel has been created, which will be filled by Charles Bolt (most recently Company Secretary & General Counsel of Fletcher Building) from the end of January 2020. Charles’ appointment is expected to result in further improvements in TIL’s management of its customer contracts and commercial matters."

Odd that'd you get a guy from FBU, who have been appalling in their "management of ... customer contracts and commercial matters." Another big salary on the books.